The stock of PURPOSE INTL DIVIDEND FUND (TSE:PID) gapped down by $0.18 today and has $18.21 target or 3.00% below today’s $18.77 share price. The 6 months technical chart setup indicates high risk for the $52.97 million company. The gap down was reported on Dec, 1 by Barchart.com. If the $18.21 price target is reached, the company will be worth $1.59 million less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 43,436 shares traded hands or 1375.41% up from the average. PURPOSE INTL DIVIDEND FUND (TSE:PID) has risen 1.27% since April 27, 2016 and is uptrending. It has underperformed by 4.65% the S&P500.
More important recent PURPOSE INTL DIVIDEND FUND (TSE:PID) news were published by: Forbes.com which released: “The 3 Best Dividend Growth ETFs for 2017” on November 24, 2016, also Prnewswire.com published article titled: “Invesco Expands Factor ETF Line-up with Launch of Two High Dividend Low …”, Globenewswire.com published: “WisdomTree Launches Dynamic Currency Hedged International Quality Dividend …” on November 03, 2016. More interesting news about PURPOSE INTL DIVIDEND FUND (TSE:PID) was released by: Businesswire.com and their article: “Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions” with publication date: November 30, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.